Miami
Upscale $400M Marina Palms Condo Project Opens Extravagant Sales Center
By Georgiana Mihaila, Associate Editor Developers Plaza Group and DevStar Group recently opened a state-of-the-art sales center for their $400 million Marina Palms Yacht Club & Residences project—the first upscale condominium and marina destination to open in Miami-Dade County in 20 years. The 10,000-square-foot sales center was specially designed to reflect the luxury, spaciousness and […]
IKEA Sets Summer 2014 Opening Date for Miami-Dade Store
With a building permit pending for its future Miami-Dade store in Sweetwater, IKEA has already hired Balfour Beatty Construction to oversee the 417,000 square-foot project. With groundbreaking set for some time within the next couple of months, the Swedish retailer plans to open the store in summer 2014.
Foram Group’s 600 Brickell Tower Goes Platinum
By Georgiana Mihaila, Associate Editor The 40-story 600 Brickell building can now pride itself with a rare designation that makes it unique in the Florida market—placing it among only a handful of its class and size in the world—after being certified LEED Platinum by the U.S. Green Building Council. The 600,000-square-foot mixed-use commercial tower set […]
Strategic Hotels & Resorts Urged to Sell its Hotel Portfolio
Orange Capital, a New York-based investment firm, has urged Strategic Hotels & Resorts to sell its entire portfolio of high-end hotels and return the proceeds to shareholders.
Developers Ross and Perez Show Interest in Stalled Island Gardens Project
According to the South Florida Business Journal, the company headed by Dolphins owner Stephen Ross—Related Cos.—as well as fellow developer Jorge Perez’s The Related Group will assist Flagstone Properties in developing the long-stalled Watson Island project.
Starwood to Bring New Eco-Conscious Brand to Miami Beach
As the result of a combined effort between Starwood Capital Group, Invesco and the LeFrak Organization, South Beach will soon experience a new concept in beachfront luxury hotel living. The developers have unveiled plans for The 1 Hotel & Residences South Beach, a bold project that will combine a residential component with a 417-room SH Group-operated hotel
High-end Bal Harbour Shops to Co-Develop Retail Component of 2.9MSF Brickell CityCentre
The 2.9 million-square-foot Brickell CityCentre has added a valuable name to its development team; Bal Harbour Shops has joined Hong Kong-based Swire Properties in co-developing the retail part of the project currently under construction in downtown Miami.
Heitman Buys 243 KSF Retail Property in Miami from AWE Talisman
AWE Talisman has sold Miracle Marketplace, a Class A, 243,047-square-foot, retail power center in the Miracle Mile/Coral Way submarket of Miami, to Heitman for $92 million.
New $265M Frost Museum of Science Takes Shape in Downtown Miami
With the building’s structural foundation now complete, vertical construction on the Patricia and Phillip Frost Museum of Science will now be underway. The 250,000 square-foot complex is a world-class, state-of-the-art facility designed by Grimshaw Architects that will take shape in the heart of downtown Miami.
Sentai Penthouse $27M Sale Sets New Record for South Florida
One of the coveted penthouse residences atop Miami Beach’s famed Setai Resort has just set a new record for the most expensive condominium ever sold in South Florida. An anonymous buyer paid $27 million for the 7,100-square-foot residence. Jeff Miller of Zilbert International Realty was the broker involved in the deal; Miller also set the prior sales record at The Setai in December 2011, when he brokered the sale of another penthouse for $21.5 million.